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New Zealand: Equity crowdfunding gets green light from the Minister – no individual investor caps
Equity crowdfunding gets green light from the Minister – no individual investor caps
Cabinet has today approved the regulations for equity crowdfunding which will come into force on 1 April. Equity crowdfunding will allow businesses to raise up to $2 million from investors, via a licensed crowdfunding platform, without the need for a formal prospectus or prescribed investment statement.